.GoldmanSachs says investment in artificial intelligence is growing quickly and could have a bigger impact on U.S. GDP than the discovery of electricity or the advent of personal computers. willcanny99 reports.
Investment in artificial intelligence is growing quickly and could have a bigger impact on U.S. gross domestic product than the discovery of electricity or the advent of personal computers, Goldman Sachs said in a report Tuesday.has enormous economic potential and could boost global labor productivity by more than 1 percentage point a year in the decade following widespread usage,” wrote economists Joseph Briggs and Devesh Kodnani.
Those investments could reach around $200 billion globally by 2025, and will likely happen before “adoption and efficiency gains start driving major gains in productivity,” the bank said.
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